Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: CMU, DHF, EAD, FNV, AMGN

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Nov. 12, 2013, 55 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 20.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

MFS High Yield Municipal

Owners of MFS High Yield Municipal (NYSE: CMU) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $4.12 as of 9:33 a.m. ET, the dividend yield is 6.9%.

The average volume for MFS High Yield Municipal has been 72,600 shares per day over the past 30 days. MFS High Yield Municipal has a market cap of $117.4 million and is part of the financial services industry. Shares are down 14.6% year to date as of the close of trading on Friday.

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The company has a P/E ratio of 9.22.

Dreyfus High Yield Strategies Fund

Owners of Dreyfus High Yield Strategies Fund (NYSE: DHF) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.16 as of 9:33 a.m. ET, the dividend yield is 9.3%.

The average volume for Dreyfus High Yield Strategies Fund has been 205,800 shares per day over the past 30 days. Dreyfus High Yield Strategies Fund has a market cap of $300.7 million and is part of the financial services industry. Shares are up 0.7% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

The company has a P/E ratio of 9.22.

Wells Fargo Advantage Income Opp Fd

Owners of Wells Fargo Advantage Income Opp Fd (AMEX: EAD) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.11 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for Wells Fargo Advantage Income Opp Fd has been 246,700 shares per day over the past 30 days. Wells Fargo Advantage Income Opp Fd has a market cap of $649.5 million and is part of the financial services industry. Shares are down 9.1% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Franco-Nevada

Owners of Franco-Nevada (NYSE: FNV) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $43.74 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Franco-Nevada has been 785,800 shares per day over the past 30 days. Franco-Nevada has a market cap of $6.4 billion and is part of the metals & mining industry. Shares are down 23.7% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. The company has a P/E ratio of 111.87.

TheStreet Ratings rates Franco-Nevada as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Franco-Nevada Ratings Report now.

Amgen

Owners of Amgen (NASDAQ: AMGN) shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $112.85 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Amgen has been 3.1 million shares per day over the past 30 days. Amgen has a market cap of $83.7 billion and is part of the drugs industry. Shares are up 28.8% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Amgen Inc., a biotechnology medicines company, engages in the discovery, development, manufacture, and marketing of human therapeutic products in the areas of supportive cancer care, inflammation, nephrology, and bone diseases primarily in the United States, Europe, and Canada. The company has a P/E ratio of 17.57.

TheStreet Ratings rates Amgen as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Amgen Ratings Report now.

More About Dividends:

One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.

Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:

On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder of record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder of record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).

The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder of record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.

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